211
The following table breaks down trade and other receivables according to the currency in which they are expressed:
The allowance for doubtful accounts amounts to Euro 63 million at 31 December 2012 (Euro 67 million at the end of 2011);
movements in this allowance are shown in the following table:
Increases in and releases from the allowance for doubtful accounts are reported in “Other expenses” in the income statement.
Other receivables
“Prepaid finance costs” relate to:
• the Revolving Credit Facilities: the non-current portion of
the prepayment is Euro 4 million at 31 December 2012 (Euro
3 million at 31 December 2011), while the current portion
is Euro 4 million at 31 December 2012 (Euro 2 million at 31
December 2011);
• the securitization: the current portion of the prepayment is
Euro 1 million, the same as at the end of 2011.
“Construction contracts” represent the value of contracts in
progress, determined as the difference between the costs
incurred plus the related profit margin, net of recognised
losses, and the amount invoiced by the Group.
(in millions of Euro)
31 December 2012
31 December 2011
Euro
745
672
US Dollar
265
234
Chinese Renminbi (Yuan)
226
217
Brazilian Real
147
134
British Pound
102
98
Qatari Riyal
53
77
Turkish Lira
52
42
Australian Dollar
27
41
Norwegian Krone
10
30
Singapore Dollar
17
23
Canadian Dollar
20
21
Argentine Peso
21
19
Swedish Krona
15
18
Romanian Leu
12
14
Other currencies
62
125
Total
1,774
1,765
(in millions of Euro)
31 December 2012
31 December 2011
Opening balance
67
43
- Business combinations
4
29
- Increases in allowance
4
10
- Releases
(4)
(5)
- Write offs
(5)
(9)
- Currency translation differences and other movements
(3)
(1)
Total movements
(4)
24
Closing balance
63
67
